Markets end at all time highs; Nifty above 9,400 for the first time ever

The Nifty50 index moved from 9,300 to 9,400 in 11 trading sessions

Investors cheered as benchmark indices settled the day at their respectinve closing highs with Nifty ending above 9,400 for the first time ever as IMD’s new monsoon forecast raised prospects of higher agricultural and economic growth, cheering the investors.
 
India is likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the weather office said on Tuesday. IMD earlier estimated this year's monsoon rains at 96% of the 50-year average of 89 cm.
 
Sentiment was also lifted by Asian stocks, which edged higher for a third